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5 tips for Australians buying property in Canada

5 tips for Australians buying property in Canada

With excessively high real estate prices at home, have you considered purchasing property abroad, say in Canada? Canada welcomes home buyers from all countries, and there are no restrictions on the amount or kind of real estate you can buy. For Australians looking to buy a home abroad, here are

The Real Cost of Foreign Exchange Conversions - What the banks don't want you to know.

Currency Conversion

The Real Cost of Foreign Exchange Conversions - What the banks don't want you to know.

Do you know what the actual foreign exchange conversion rate is? You probably know the conversion rate your bank is charging you, but did you know there is another "higher" rate known as the market rate? In fact, the market rate is the only real rate at which

New Payment Platform in Australia

New Payment Platform in Australia

Australia is due to release a near real-time domestic payments platform. The New Payments Platform (NPP) will allow for near real-time funds transfer between bank accounts, regardless of who a user banks with. It’s due to launch later in 2017. The NPP has been developed between the RBA and

The future of banking: four scenarios

Digital Currency

The future of banking: four scenarios

The fact that the financial services industry, and especially banking, is going through the greatest disruption since the arrival of computers in the 60s is now universally accepted. The advent of digital technology and, more importantly, its adoption by customers is changing the fundamentals of the business. This isn’t

5 Customer Engagement Best Practices

5 Customer Engagement Best Practices

We can find a hundred articles a day online today about “customer engagement” but to me, a good deal of it sounds like lip service – slick advice about how to appear deeply interested in and connected to your customer, and how to “convince” (dare I say “trick”) customers into thinking

AUD CAD Exchange Rate Slides after AUD-Damaging Trade Report

AUD CAD Exchange Rate Slides after AUD-Damaging Trade Report

The Australian Dollar has dropped against the Canadian Dollar due to a concerning report about AU-US ties. The report looked at Australia’s relationship between the US and China, and the potential difficulties of trying to alter these relationships. With the US looking increasingly protectionist, Australian officials have considered whether

Are you paying for your banker's $600 lunch?

International Money Transfers

Are you paying for your banker's $600 lunch?

Big banks are overcharging you by bouncing your money around the globe in a giant shell game while they collect fees and enjoy $600 lunches, on you. In this article, we’ll explore how to stop paying for your banker's lunch, by looking at two of the most

Fastest, most affordable currency transfers from Australia to Europe

Currency Conversion

Fastest, most affordable currency transfers from Australia to Europe

Australian startup Flash Payments was designed from the ground up to outperform traditional financial institutions by providing fast, secure and very affordable foreign exchange conversion services as an alternative to the existing opaque, siloed and inefficient banking networks. And it does so without the hidden fees typically imposed by the

The Australian Dollar Forecast to decline over 10%

The Australian Dollar Forecast to decline over 10%

One of the most significant drivers in currency markets is relative interest rates as investors transfer capital from lower interest rate currency jurisdictions to higher interest rate currencies. Last weeks 25 bps interest rate hike in the United States and a closing gap between Australian interest rates and those in

Ripple Selected to Participate in the Bank of England FinTech Accelerator’s Exploration

Ripple Selected to Participate in the Bank of England FinTech Accelerator’s Exploration

The Bank of England’s FinTech Accelerator announced that it is conducting a PoC with Ripple to demonstrate cross-border payments and settlement using two different Real Time Gross Settlement (RTGS) systems. The goal of this PoC is to showcase the synchronised movement of two different currencies across two different RTGS

"...So easy to use compared to the banks"

Currency Conversion

"...So easy to use compared to the banks"

"Used Flash Payments transfer yesterday. Money is in the Irish bank account this morning. It's so quick compared to the banks. Saved $136 compared to my bank. Awesome stuff. Love the GUI too, so easy to use compared to the banks." John C Sydney If you

The Australian dollar rallied back to the highs after FOMC

The Australian dollar rallied back to the highs after FOMC

The Australian dollar surged back above the 0.7700 level on Thursday morning, propelled higher by renewed US dollar weakness after yesterday’s US Federal Reserve lifting interest rate by 25 basis points. The gain in the AUD/USD was the largest in percentage terms since 2nd June 2015. With

ANZ, Westpac admit breaches in forex trading

ANZ, Westpac admit breaches in forex trading

ANZ and Westpac have followed rivals and yielded to the corporate regulator’s investigation into banks’ foreign exchange businesses, agreeing to oversight and changes after traders shared confidential client information and traded to benefit themselves. Similarly to the CBA and NAB transgressions, ASIC said Westpac traders disclosed confidential details of

Everything you need to know about foreign currency transfers

International Money Transfers

Everything you need to know about foreign currency transfers

You set up a foreign currency transfer. The money leaves your account. It disappears for days. And then it turns up (significantly reduced) in the recipient's account. That's just how it works! And the banks really don't need you to know anymore. But, have

Discussing Trends in Global Payments at the GCC Financial Forum

Discussing Trends in Global Payments at the GCC Financial Forum

Hundreds of international financiers, business leaders and policymakers from around the world gathered in Bahrain to discuss the future of financing at last week’s sixth annual GCC Financial Forum, writes Amy Hirth for Ripple Insights. Watch the video here. Marcus Treacher, head of Ripple’s strategic accounts, spoke alongside

Best countries in the world - ranked

Best countries in the world - ranked

Best Countries is a rankings, news and analysis project created to capture how countries are perceived on a global scale. Created by U.S. News in partnership with Y&R's BAV and Wharton, the rankings evaluate 80 countries across 24 rankings drawn from a survey of more

Why now could be the right time to buy property in Spain

Why now could be the right time to buy property in Spain

UK-based relocation service MoveHub compared 2016 property price data from the Global Property Guide with average salaries according to the Hay’s Group Global Salary Forecast. In Spain, a 2.2 percent hike in salaries against a 5.75 drop in property prices put it in second place behind the

Japan: 47 Banks Complete Ripple Pilot

Japan: 47 Banks Complete Ripple Pilot

SBI Ripple Asia announced today that a consortium of 47 banks successfully completed a pilot implementation of Ripple in Japan using a cloud-based payments platform. This platform, RC Cloud, is powered by Ripple’s solution and is the first in the world to enable real-time money transfers both domestically and

US rate hike at next meeting "would likely be appropriate" if data is good enough, Fed's Yellen

US rate hike at next meeting "would likely be appropriate" if data is good enough, Fed's Yellen

The Australian dollar finished lower the last week, breaking sharply on rising expectations for a U.S. interest rate hike at the Fed’s next meeting on March 15. Strong U.S. economic reports and continued hawkish remarks from U.S. Federal Reserve officials were the catalysts behind rising U.

The real cost of money conversion

The real cost of money conversion

Do you know what the actual foreign exchange money conversion rate is? You probably know what conversion rate your bank is charging you, but did you know there is another "higher" rate known as the market rate? In fact, the market rate is the only real rate to

Sydney, Melbourne property now affordable – if you are ultra-rich

Currency Conversion

Sydney, Melbourne property now affordable – if you are ultra-rich

Sydney and Melbourne property is finally becoming more affordable, but only for the ultra rich. Despite both cities being in the middle of a housing affordability crisis, luxury house/apartment prices have plunged down the list of the world's most expensive luxury residential property markets. Shanghai saw the

Top 5 FinTech and Banking Trends for 2017

Top 5 FinTech and Banking Trends for 2017

* FinTech competition will drive banking transformation. * Continued shift from in-branch to digital channels. * Customer service will be the most important differentiator for banks. Banks should especially be worried about the fact that 33% of millennials don’t believe they’ll need a bank in the next 5 years, and almost

Ripple Supports Efforts to Drive Thoughtful Regulation

Ripple Supports Efforts to Drive Thoughtful Regulation

Innovation in banking often results from the convergence of three key domains: financial services, technology, and regulations. The regulatory framework is a crucial aspect of innovation. When crafted in a balanced, proactive way, regulations can directly drive positive innovation and market competition. This is why Ripple has been an active

Australia weathers fintech slump

Australia weathers fintech slump

Several major global and local players will gather in Sydney today for the annual AltFi conference, where ANZ Bank chief Shayne Elliott is also speaking. Ian Pollari, KPMG’s global co-leader of Fintech and head of banking for Australia, said despite the global slump in investors, the Australian fintech sector

Pew Research Centre reveals what we think makes us Australian

Pew Research Centre reveals what we think makes us Australian

What does it take to be truly Australian? The latest Bureau of Statistics estimates show that 6.7 million Australian residents – just over 28 per cent of the population – were born overseas. Sharing the "customs and traditions" of Australia was considered very important to national identity by half